Marriott International Inc (MAR)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 338,000 | 507,000 | 1,393,000 | 877,000 | 225,000 |
| Short-term investments | US$ in thousands | — | — | — | 422,000 | — |
| Receivables | US$ in thousands | 2,712,000 | 2,571,000 | 1,982,000 | 1,768,000 | 2,395,000 |
| Total current liabilities | US$ in thousands | 7,762,000 | 7,339,000 | 6,407,000 | 5,752,000 | 6,677,000 |
| Quick ratio | 0.39 | 0.42 | 0.53 | 0.53 | 0.39 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($338,000K
+ $—K
+ $2,712,000K)
÷ $7,762,000K
= 0.39
The quick ratio of Marriott International, Inc. has shown fluctuating trends over the past five years, with values of 0.43 in 2019, 0.49 in 2020, 0.57 in 2021, 0.45 in 2022, and 0.43 in 2023.
The quick ratio measures a company's ability to cover its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may struggle to meet its short-term obligations. In this case, Marriott International's quick ratio has consistently been below 1, signaling potential liquidity concerns.
The decline in the quick ratio from 2021 to 2023 could suggest that Marriott International's liquidity position may have weakened in recent years. It is important for investors and stakeholders to closely monitor Marriott's ability to meet its short-term obligations as indicated by its quick ratio.
Peer comparison
Dec 31, 2023